Time Warner's Bewkes: Company will focus on emerging markets

Time Warner CEO Jeff Bewkes says the media company plans to focus its growth in the ripe markets of Latin America and eastern Europe and isn't planning to acquire television properties in western Europe, telling the Financial Times that "going into a more static free to air business in a non-leadership position in a mature economy doesn't really fit."

Bewkes, in London to address the Royal Television Society, said Time Warner would instead concentrate on opportunities to expand its existing cable channels--like HBO and CNN--and look at free-to-air broadcasters only in developing markets where branded channels have yet to develop.

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